The Following Payoff Matrix Shows the Various Profit Outcomes for 3

Multiple Choice

The following payoff matrix shows the various profit outcomes for 3 projects,A,B,and C,under 2 possible states of nature: the product price is $10 or the product price is $20. $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$ $\quad$$\text { Profit }$
$\begin{array}{c}\begin{array}{c}\text { Project } \\\text { A } \\\text { B }\\\text { C}\end{array}\begin{array}{|c|}\hline P=\$ 10 \\\hline 20 \\\hline 40 \\\hline-26 \\\hline\end{array}\begin{array}{c|}\hline P=\$ 20 \\\hline 80 \\\hline 60 \\\hline 140 \\\hline\end{array}\end{array}$
Using the maximin rule,the decision maker would choose

A) A.
B) B.
C) C.
D) either A or B because neither has negative profit